I received Signature Credit Corporation's letter today. Since the terms of their credit card were "too good to be true" I decided to do a search immediately on the web. My search directed me to this website first. Too many people had my same reaction.

I was "pre-approved" (Approval Code # 371-035-013924-2011-01) for a $10,000 credit line with "no applications and no other credit checks necessary." I have a 600 FICO score (Equifax) and I have had to beg credit card companies for a card with a credit line. Most have turned me down, but 3 credit card companies did offer to extend me their credit---only $300. Why would Signature Credit offer me $10,000?

The interest rate offered is 0% until September 2006 (two years!) and only 5.9 % thereafter. My three existing cards have rates on new purchases of 19.75%, 19.83%, and 22.10% respectively. I couldn't get them any lower because of my credit score. Why would Signature Credit offer me a zero percent rate?

Finally, Signature Credit asked me for a $59 annual membership fee up front. My credit cards have annual membership fees, but the amounts, which range from $59 to $100, are billed one month after inception to the credit card. I did not have to pay a fee up front.

I am angry because I was defrauded by another rip-off companies, RX Financial who promised me a $5,000 Visa Credit Card if only I would pay them $259 up front. I made the mistake of trusting them by giving them my bank account number. Money began dissappearing from my checking account month after month in nominal amounts ($19 here, $29 there...etc.). I am not going to take this crap anymore! Count on me being there for a class action suite or a protest in front of their office building.

Corporate Advocacy Program: The best way to manage and repair your business reputation. Hiding negative complaints is only a Band-Aid. Consumers want to see how businesses take care of business. All businesses will get complaints. How those businesses take care of those complaints is what separates good businesses from bad businesses.